CPS Technologies Corporation Announces Third Quarter 2024 Financial Results
CPS Technologies Corp. (CPSH)
US:NASDAQ Investor Relations:
alsic.com/investors
Company Research
Source: GlobeNewswire
NORTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal third quarter ended September 28, 2024. Third Quarter Summary Revenue of $4.2 million for the third quarter of 2024 versus $6.3 million in the prior-year period, reflecting lower overall shipments due to the previously-announced end of the Company’s HybridTech Armor® contract with Kinetic Protection for the U.S. NavyGross margin of (12) percent versus 20 percent in the third quarter of 2023, largely reflecting lower manufacturing efficiencies as well as start-up costs tied to hiring and training of a third shift, the benefit of which will be seen in the fourth quarter and beyond.Operating loss of $1.5 million for the quarter ended September 28, 2024 compared to an operating profit of $0.1 million in the prior-year periodRecently won a Phase II contract from the U.S. Department of Energy, worth $1.1 million over 24
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CPSH
News
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- CPS Technologies Co. (NASDAQ: CPSH) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Zacks Initiates Coverage of CPS Technologies With Neutral Recommendation [Yahoo! Finance]Yahoo! Finance
- CPS Technologies Announces the Appointment of James Cavoli to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- CPS Technologies Announces the Appointment of James Cavoli to its Board of DirectorsGlobeNewswire
CPSH
Sec Filings
- 12/19/24 - Form 4
- 12/19/24 - Form 3
- 12/5/24 - Form 8-K
- CPSH's page on the SEC website